Phoenix Rising Companies Inc (PRCX)

[KeepItRealistic]

$PRCX as May 14th has a PPS of .0051 and a Market CAP of 2.6m which is out of sync with the latest 10k filing and it’s fair Market CAP

Let me explain why I believe so with the facts below.

$PRCX is

An Audited sec filer OTCQB ticker

It has the “Penny Stock Exempt” status
Penny Stock Exempt definition…

“This security is exempt from the definition of a Penny Stock under SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years.”

It has a Market Cap of 2.6m as of May 14th and a Share price of .0051

It’s 52 week high share price was .096
It has a Float of 447,184,499 as of May 6th
It has an OS of 516,266,841 as of May 6th

All of the above can be found at link below
https://www.otcmarkets.com/stock/PRCX/security

Per last 10k filing below
https://www.otcmarkets.com/filing/html?id=15702193&guid=JxewkFIrHf-lB3h

It’s Net Revenues are $10,350,864 page F4
It’s Total Assets are $19,284,954 page F5

In Comparison, On March 10th 2021

Share price closed at .135 with a Market Cap was $20.5 million

At the same Market Cap today our PPS would be .0416 today

Current PPS is undervalued in comparison to what the Market was willing to pay just a little over a year ago.

So what has changed ?

Dilution to pay off debt, yes, however the Market Cap calculations factors in the current OS that has increased due to dilution.

This is why I compare using the Market Cap as it takes into account the current SS.

Company has used the dilution to clear significant debt
Per 10k filing
35,317,393 shares of common stock issued for conversion of debt of $565,610 in 2021 (that’s an avg conversion price of .016)

The Company also issued 73,050,000 shares for conversion of debt of $242,581 in 2022 till the date of filing (see subsequent section of filing) (that’s an avg conversion price of .00332

Therefore a total of $807k of debt has been wiped off the books and we have not taken into account the dilution in the Month of April and beginning of May

On the afternoon of May 11th CFGN left L2 and has not returned telling us dilution has now stopped.

So what are the other catalysts incoming ?

MOU closer expected by End of May of Emvera.com per company PR below

https://www.otcmarkets.com/stock/PRCX/news/Phoenix-Rising-Companies-Announces-Definitive-MOU-To-Acquire-High-Tech-Medical-Products-Distribution-Company?id=345481

Also there seems to be two more Acquisitions on the way per company PR below

https://www.otcmarkets.com/stock/PRCX/news/Phoenix-Rising-Companies-CEO-Discusses-RD-Progress?id=341501

“The company reports progress towards establishing its recently announced plans to form a US R&D division. DS Chang, CEO recently stated: "Negotiations to acquire specific, exclusive, limited rights to 2 technologies is in the final phase. We hope to announce more details and identify more in February of 2022." He also noted that there are 2 additional technologies being negotiated for that may follow this first expected acquisition.

The negotiations are with a small private firm in California. The technologies cannot be identified at this moment, but initial information suggests they are each groundbreaking in their fields and could produce results such as have been heretofore unknown in their respective disciplines.”

This ran from .0015 to .0113 with conversions

Now it is running without conversions and should move to it’s current fair Market Value

Any acquisition announcements will only add to to the fuel and create higher Market Values